Hello,

May you please explain where $559,345 is coming from?

Problem 22-7 (a) (direct method) IVANHOE INC. Statement of Cash Flow Net Cash Flow from Operating Activities Cash received from customers (1) Cash paid to suppliers for goods (2) Cash paid for other operating expenses (3) Cash paid for interest Proceeds from sale of FV-NI investments Income taxes paid (4) Net cash provided by operating activities $376,670 164,975 3,000 22,800 37,500 $623,850 (559,345) $64,505